Analysing Nigeria's Tax Reforms: Potential Impact on 2024 Revenues

Описание: Nigeria's current tax revenue landscape presents a complex scenario, with the tax-to-GDP ratio falling below the desired levels for sustained economic development. The revised estimate of 10.86% at the end of 2021 places Nigeria behind its African peers and the regional average of 15.6%. In response, the administration of President Bola Tinubu has inaugurated a Fiscal Policy and Tax Committee with the aim of enhancing revenue collection efficiency, ensuring transparent reporting, and promoting effective utilisation of tax and other revenues.

This initiative seeks to not only improve revenue generation but also boost citizens' tax morale, foster a healthy tax culture, and encourage voluntary compliance. The analysis delves into the potential impact of these tax reforms on Nigeria's revenues in 2024 and examines the broader implications for the country's economic development.

Host: Lekan Onabanjo

Guests:
1. Abiodun Kayode Alli, Economist and Senior Manager. PWC, Lagos, Nigeria
2. Bamidele Ayemibo, Exports Consultant, Lagos, Nigeria


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Will Nigeria's Tax Reforms Boost 2024 Revenues? | Business Edge | 12-01-24

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